Is Indiana State Council Knights Of Columbus Charity Fund Inc Legit?
Quick charity verification for Indiana State Council Knights Of Columbus Charity Fund Inc (EIN: 20718931)
Verdict: Indiana State Council Knights Of Columbus Charity Fund Inc appears trustworthy
95/100Mission Score
$180KRevenue
$84KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, increasing from $130,976 in 2021 to $235,965 in 2023.
Zero officer compensation reported across all 13 filings, indicating volunteer leadership and efficient use of funds.
Strong program spending ratio, with a significant portion of expenses dedicated to charitable activities.
Consistent increase in assets, from $17,960 in 2021 to $57,500 in 2023, demonstrating financial health.
No reported liabilities across most recent filings, indicating sound financial management and low debt.
Spending Breakdown
How Indiana State Council Knights Of Columbus Charity Fund Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Indiana State Council Knights Of Columbus Charity Fund Inc
Is Indiana State Council Knights Of Columbus Charity Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Indiana State Council Knights Of Columbus Charity Fund Inc (EIN: 20718931) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Indiana State Council Knights Of Columbus Charity Fund Inc a good charity to donate to?
Indiana State Council Knights Of Columbus Charity Fund Inc has a Mission Score of 95/100. Revenue: $180K. Assets: $84K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Indiana State Council Knights Of Columbus Charity Fund Inc?
The Employer Identification Number (EIN) for Indiana State Council Knights Of Columbus Charity Fund Inc is 20718931. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Indiana State Council Knights Of Columbus Charity Fund Inc spend its money?
Indiana State Council Knights Of Columbus Charity Fund Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Indiana State Council Knights Of Columbus Charity Fund Inc's tax-exempt status?
You can verify Indiana State Council Knights Of Columbus Charity Fund Inc's tax-exempt status using EIN 20718931 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Indiana State Council Knights Of Columbus Charity Fund Inc demonstrates consistent financial growth and strong program spending. Over the past three years, revenue has steadily increased from $130,976 in 2021 to $235,965 in 2023, indicating growing support for its mission. The organization maintains a healthy financial position with increasing assets, reaching $57,500 in 2023, and consistently reports zero liabilities, suggesting sound financial management and a low-risk profile. The absence of officer compensation further enhances its transparency and commitment to directing funds towards charitable activities.
Spending efficiency is a notable strength, with a significant portion of expenses dedicated to programs. For instance, in 2023, expenses were $213,492 against revenues of $235,965, showing a lean operational structure. The organization's consistent reporting of no officer compensation across all available filings underscores a strong commitment to volunteer leadership and ensures that donor funds are not diverted to executive salaries. This practice, combined with a clear financial history, points to a highly transparent and efficient operation.
Overall, the organization exhibits robust financial health, efficient spending, and high transparency. The consistent growth in revenue and assets, coupled with a strong program spending ratio and no executive compensation, paints a picture of a well-managed and mission-focused charity. The detailed filing history provides ample data for public scrutiny, further reinforcing its transparent operations.